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20130816
20130816
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on to larence. caller: i have a question. i am a city employee. the city of detroit is under an emergency manager. right now the emergency manager is in federal court to file a ankruptcy for detroit. what he wants to do is to stop paying into our pension ystem. our pension system is protected by the michigan onstitution. what do you see happening to our pension if the federal bankruptcy allows them to stop paying into our pension? guest: that is a difficult legal question. there are a lot of people who have worked their entire lives believing their pension would be here for them. the issue is that federal law is supreme to state law. if federal law is properly invoked, then the michigan constitution does not have anything to say about it. it is not clear whether detroit properly file that petition. the michigan constitution says a municipality cannot do anything that would diminish the tensions of the employees. filing a bankruptcy petition can be interpreted as something that would diminish their ensions. so the argument that's very plausible is the petition itself is no good. the federa
Search Results 0 to 0 of about 1